ANALYSIS ON GBPNZD Welcome to my analysis - 4HR CHart - Interesting Point of interest In the GBPNZD pair. - Price above 200 day EMA. - Expecting price drop before we go for the buy. - Watch top for sell. - expecting move to around 2.04500. - STOCH RSI showing bearish divergence on other time frames
As our overall analysis on the Daily is a Head and Shoulders, thus the market is rejection the Major Resistance meaning a loss of momentum for buyers - We look for retraces to Sell and go long as it made a minor Head and Shoulders on 1HR - Patience as we wait for the drop
Perfect Elliot wave setup on #GBPNZD. Let point 4 be confirmed to wait for a big short from 2.01 which is: - High Impulse level - 61% Fibo - Point 5 TP1 is point 4 at 1.97 TP2 is point 0 at 1.94
Completed Head and shoulders, Unless we see a reversal on daily its a sell at this point - On the 1Hr we see a broken support retest as the market start to make LL's and LH's
The market is in an interesting area where it can either lose momentum or consolidate before going to the downside - Daily chart we see a form of Head and Shoulders [/b - Our analysis isn't complete until we wait for the daily candle to close - I will be updating with detailed Analysis
Looking Bullish and buy on the Pullback of the Areas. Good Luck
Friends, please before reading, support this idea with your Like and any Comment, thanks. You can buy GBPNZD from 1.96-1.963 Stop-loss 1.955 You will find more trading ideas in SAV Finance community.
As you can see I am patiently waiting for a breakout confirmation to the down side. refer back to July 19 2019 for a similar chart pattern. wait for a breakout below the yellow support zone which will then become the new resistance zone for a short position. Target is at the 261.80% fib level. may take up 2-4 wk for everything to play out. Good Luck.
GBPNZD Right now have found a head & Shoulder pattern break not yet confirm. We need to wait until Market break the neckline. We have Found Uptrend Line on Monthly Time zone. In Weekly Time we have seen Swing Change. And in Daily Time frame we have seen Head & Shoulder Pattern. When to Take tra de. Wait until market break the neckline. use proper RISK...
Mini Ascending Channel and Double Top of the structure , waiting for the Sell.
Hello traders. i have made analysis on GBPNZD ,daily chart. I see it forming a head and shoulder pattern ,im currently in a long position till the resistance at: 2.00000 , then i will take a longterm short , TP: 1.85000. Kindly share your take on this.Happy Trading
lets how it will act at these zones ... no entry without price action move ... good luck guys
As you can see from the chart, GBPNZD has broken below a daily support zone impulsively. Price is expected to retest this level that lined up with mean value + 50% Fib as resistance in wave "b". Once the corrective wave b is completed, it will give us the chance to go short in wave "c" of (y) of B. The correction might extend higher but must not trade above the...
The rally that broken the bearish trendline on GBPNZD last October is weakening and pointing to retest the broken resistance trendline. Sell order can be entered at 1.9500 and set a TP at 1.9000. SL can be placed at 1.9700. Until then, we will revalidate if this trade idea will hold through.
Hi traders, Sell this pair if it retests the broken support structure turned into support; if it does not, then you can now sell 50% of your position and enter another 50% if it goes up and retests the entry-level, with the same stop loss and same take profit levels as indicated below; however, If it goes well as usual, then we are all happy, otherwise, it is...
GBPNZD Trading Plan >H1. Wait for breakout or rejection. Trading CFDs on margin carries high risk. Please ensure you fully understand the risks.
GBPNZD faces bearish pressure for an intraday correction after last weeks huge upside move. Trading CFDs on margin carries high risk. Please ensure you fully understand the risks.